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Dana Q3 sales rise 6%, beat analyst expectations

By Reuters News


Overview

  • U.S. propulsion solutions supplier's Q3 sales rose, beating analyst expectations

  • Adjusted net income improved yr/yr

  • Company repurchased $200 mln in shares, plans $100 mln more in Q4


Outlook

  • Dana raises 2026 sales guidance to $7.75-$7.85 bln from prior outlook

  • Company maintains 2026 adj EBITDA guidance at $800-$850 mln

  • Company maintains 2026 diluted adj EPS guidance at $1.75-$2.25


Result Drivers

  • COMMERCIAL VEHICLE DEMAND - Co said higher Q3 sales were driven by stronger commercial vehicle demand, backlog conversion, and commercial and cost-recovery actions

  • COST SAVINGS & EFFICIENCY - Co attributed margin improvement to cost-savings actions, operational efficiency, and commercial initiatives

  • STRUCTURAL COST REDUCTIONS - Dana said it achieved $60 mln in cost savings year to date


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Sales

Beat

$2 bln

$1.97 bln (5 Analysts)

Q3 Adjusted Net Income

$44 mln

Q3 Net Income

$15 mln

Q3 Adjusted EBITDA

$218 mln

Q3 Operating Cash Flow

$102 mln


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the auto, truck & motorcycle parts peer group is "buy"

  • Wall Street's median 12-month price target for Dana Inc is $37.41, about 37.5% above its October 27 closing price of $27.20

  • The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 9 three months ago


Reuters Recommended Reads

  • Oct 26 - Dorman Products Q3 sales slightly miss estimates on tariff pricing impact

  • Oct 28 - Stellantis operating profit rises as cost cuts gain traction

  • Oct 27 - Lincoln Electric Q3 sales beat on higher volumes


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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